Southeast Asia’s rig market, which was poised for growth in 2020, is now set for decline, according to analysis by Rystad Energy.
A surge in offshore well intervention activity over recent years is helping the North Sea develop into a global centre of excellence for innovative oilfield services.
The two LNG-fuelled PSVs Island Crusader and Island Contender, as well as a third sister vessel Island Commander, have ben contracted by Lundin Norway.
The contract extension is for the Trident 16 jack-up rig, which is operating in the Gulf of Suez offshore Egypt.
Siemens will modernise a complete and integrated drilling-drives lineup, including auxiliaries and controls, that will be installed on an offshore jackup drilling rig for a customer in the Middle East.
The existing US$50 million bank delivery financing for the rig will be replaced with a new US$100 million take out facility maturing in 31 December 2021.
The company is to design and support installation of a Sea Swift offshore platform off the coast of Angola.